Southern standard. (McMinnville, Tenn.) 1879-current, 1887-10-15
How to Get Rich.

In answer o request OF tne BOSTON
Herald to write some practical hints
for young men on the requirement of
wealth, Gen. Benz. f. Butler responds
as follows:
A difficult task is set me, as circum-
stances under which young men COM
mence life are so widely varied. But
I think that more young men fail in
the investment of what they ear or
receive than in any other way to ac-
quire property. The temptations to
speculate are so great, and the desire
to become suddenly rich so strong,
that / believe eight out Of ten, if not
more, of young men are wrecked at
the very beginning.
fla young man is earning some
thing more than his expense of liv-
ing, and has no object in view, he is
likely either to increase those expen-
SEES ~carelessly or to loan his money to
his friends, and in so doing in the
majority of cases he will lose both
friend and money. So that the best
thing that ne can do is to have an OBJ
.lect, gather up his money, and to
have a call for it which shall be a
profitable one. He makes no invest
ment because he says, 81 have got so
little money that it won't come to
anything. will wait until l get
more" and in waiting, generally,
what he has goes.
When a young man has a very lit
tie money, let him buy some proper
ty, preferably a piece, however small,
according to his means, of improved
real estate that is paying rent. He
had better buy it when sold at auc-
ton, under a judicial sale, paying in
cash what he can, giving his notes for
the balance in small sums coming
due at frequently recurring intervals,
secured by a mortgage or the proper
ty, and then use all his extra income
in paying up those notes. 1t is al
ways safe to discount your own note,
and if the notes come a little too fast,
as soon al he gets anything paid his
friends will aid him when he is put
ting his money where it cannot be
lost, and where the property is taking
care of the interest, and in a very
short time he will find that he has
got a very considerable investment.
He will become interested in it, save
his money to meet his notes, and he
will directly come into a considerable
possession of property, and hardly
know how it came to him. That is,
he will have had a motive for saving
and will get the result of that saving,
and will not be tempted to enter into
sp~eculations. Nothing is so safe fol
an investment as improved real es
tate. Nothing is likely to grow ir
value faster. In the last so years 81
per cent of all the merchants anC
traders in Boston have failed. In the
last so years 80 per cent of all thu
business corporations have failed o.
gone out of business, SO that theil
stock has been wiped out. In the las
80 years all the improved real estat;
on the average has paid its interes
and taxes and quadrupled in value
If a young mans father cal give hin
anything to start him in the world
he had better invest it in that wa.
and let it accumulate and earn hi
living, and he will be richer than i
he had gone into business. a. GoulC
is said to have started from a nous
trap seller to become a millionaire
Assuming that to be true, he is onl.
one of so, O00, 900 of people; andif an.
young man thinks that he is going t
initiate Jay Gould, there are 10000,
900 chances to one that he won't sue
coed.
The rule / would lay down for
young man is, never do a mean thin.
for money. Be prudent and savin.
of your money. Be careful to hav
no interest account running agains
you, unless you have an equal o
greater interest account running il
your favor. Work diligently, AM
you r sure of competency in you
old age; and as early as possible,
you can, find a saving, prudent gil
who has been brought up by a mothe
who knows how to take art of
house, and make a wife of her. Sh
will aid, and not hinder you.
I claim no originality in this adviC
and will relate you an incident in m
own experience to illustrate it: |
my earliest practice in my p~rofessio
[ was quite successful in earnin
money, and l had a small balance i
the Lowell Bank, at the head {